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ConocoPhillips subsidiaries have sued PDVSA in a Delaware court, alleging that the Venezuelan state oil company engaged in fraudulent operations involving Citgo, Reuters reports, citing a court filing. ConocoPhillips said that PDVSA activities are part of an effort to prevent the U.S. company from obtaining compensation in a dispute over a 2007 nationalization of its Venezuela holdings, the report notes. Reference Link

27

Oct

COPConocoPhillips

$44.60

0.079 (0.18%)

09/12/16

JPMS

09/12/16DOWNGRADETarget $78JPMSUnderweight

Occidental Petroleum downgraded to Underweight from Neutral at JPMorgan

JPMorgan analyst Phil Gresh downgraded Occidental Petroleum (OXY( to Underweight saying the valuation is stretched. The stock at current levels fully reflects the company's growth and balance sheet benefits, Gresh tells investors in a research note. He upped his price target for the shares to $78 from $77. Gresh this morning also upgraded ConocoPhillips (COP) to Overweight.

09/12/16

JPMS

09/12/16UPGRADETarget $51JPMSOverweight

ConocoPhillips upgraded to Overweight from Neutral at JPMorgan

JPMorgan analyst Phil Gresh upgraded ConocoPhillips to Overweight saying the company's dividend growth potential over the next four years is double that of U.S. peers. The analyst sees the November 4 analyst day as a catalyst, which could include a share buyback authorization and/or expanded asset sale program. He upped his price target for ConocoPhillips to $51 from $44.

09/07/16

09/07/16UPGRADE

On The Fly: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. ConocoPhillips (COP) upgraded to Hold from Underperform at Jefferies with analyst Jason Gammel citing valuation and improving financial metrics. 2. DineEquity (DIN) upgraded to Overweight from Sector Weight at KeyBanc with analyst Chris O'Cull saying the stock has reached a good entry point, while its risk/reward ratio is "compelling." 3. Gaming and Leisure Properties (GLPI) upgraded to Overweight at Morgan Stanley. 4. Aviva (AV) upgraded to Buy from Neutral at UBS with the firm saying the company is positioned to be the risk-adjusted dividend leader in the sector. 5. Ligand (LGND) upgraded to Hold from Sell at Deutsche Bank. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

09/07/16

JEFF

09/07/16UPGRADETarget $40JEFFHold

ConocoPhillips upgraded to Hold from Underperform at Jefferies

Jefferies analyst Jason Gammel upgraded ConocoPhillips to Hold citing valuation and improving financial metrics. ConocoPhillips has been amongst the most aggressive companies in the sector in cutting costs, Gammel tells investors in a research note. He raised his price target for the shares to $40 from $37.